FL Industrial Project: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FL Industrial Project
Largest movements
- Cash +€52,180
up €52,180 (+44.8%), from €116,384 to €168,565
mainly Net result for the year (+€87,943) and Tax, wage and social debts (+€4,200)
- Receivables within one year +€42,452
up €42,452 (+89.3%), from €47,514 to €89,966
of which Other amounts receivable: +€30,297
- Reserves +€87,943
up €87,943 (+65.1%), from €135,003 to €222,945
- Tax, wage and social debts +€4,200
up €4,200 (+15.5%), from €27,010 to €31,210
- Gross operating margin +€14,838
up €14,838 (+15.7%), from €94,755 to €109,593
- Taxes +€4,599
up €4,599 (+23.6%), from €19,459 to €24,058
- Financial income +€3,297
up €3,297 (+297%), from €1,112 to €4,409
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €165,066 | €259,070 | +€94,004 | +56.9% |
| Fixed assets | 21/28 | €982 | €539 | -€443 | -45.1% |
| Tangible fixed assets | 22/27 | €982 | €539 | -€443 | -45.1% |
| Furniture and vehicles | 24 | €982 | €539 | -€443 | -45.1% |
| Current assets | 29/58 | €164,083 | €258,531 | +€94,448 | +57.6% |
| Amounts receivable within one year | 40/41 | €47,514 | €89,966 | +€42,452 | +89.3% |
| Trade receivables | 40 | €18,005 | €30,160 | +€12,155 | +67.5% |
| Other amounts receivable | 41 | €29,509 | €59,806 | +€30,297 | +103% |
| Cash at bank and in hand | 54/58 | €116,384 | €168,565 | +€52,180 | +44.8% |
| Deferred charges and accrued income | 490/1 | €185 | - | -€185 | |
| Total equity and liabilities | 10/49 | €165,066 | €259,070 | +€94,004 | +56.9% |
| Equity | 10/15 | €138,003 | €225,945 | +€87,943 | +63.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €135,003 | €222,945 | +€87,943 | +65.1% |
| Distributable reserves | 133 | €135,003 | €222,945 | +€87,943 | +65.1% |
| Amounts payable | 17/49 | €27,063 | €33,125 | +€6,062 | +22.4% |
| Amounts payable within one year | 42/48 | €27,063 | €33,125 | +€6,062 | +22.4% |
| Trade debts | 44 | €53 | €1,915 | +€1,862 | +3,496% |
| Suppliers | 440/4 | €53 | €1,915 | +€1,862 | +3,496% |
| Taxes, remuneration and social security | 45 | €27,010 | €31,210 | +€4,200 | +15.5% |
| Taxes | 450/3 | €27,010 | €31,210 | +€4,200 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €348 | €443 | +€96 | +27.5% |
| Other operating charges | 640/8 | €1,333 | €442 | -€892 | -66.9% |
| Non-recurring operating charges | 66A | €641 | €108 | -€533 | -83.1% |
| Gross operating margin | 9900 | €94,755 | €109,593 | +€14,838 | +15.7% |
| Operating profit (loss) | 9901 | €92,433 | €108,599 | +€16,167 | +17.5% |
| Financial income | 75/76B | €1,112 | €4,409 | +€3,297 | +297% |
| Recurring financial income | 75 | €1,112 | €4,409 | +€3,297 | +297% |
| Financial charges | 65/66B | €934 | €1,008 | +€74 | +7.9% |
| Recurring financial charges | 65 | €934 | €1,008 | +€74 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €92,611 | €112,000 | +€19,390 | +20.9% |
| Income taxes | 67/77 | €19,459 | €24,058 | +€4,599 | +23.6% |
| Profit (loss) for the period | 9904 | €73,152 | €87,943 | +€14,791 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €73,152 | €87,943 | +€14,791 | +20.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.